Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BHDUSD
The long term trend has been UP since Jul 22nd, 2018 at 2.66050
The intermediate term trend has been DOWN since Sep 2nd, 2018 at 2.65000
The short term trend has been UP since Sep 17th, 2018 at 2.65325
Smart Scan Analysis for BHDUSD
Based on a pre-defined weighted trend formula for chart analysis, BHDUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).